Latest market data

Stock search

ROCKVILLE, Md., Dec. 29, 2010 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the leading real-time IT solutions and information provider for a sustainable world, announced today that it has been selected by Shanxi Electric Power Company to implement a new data acquisition system that will allow the company to address service outages more quickly and provide a more reliable network.

With China's booming economy, the demand on the current power grid is quickly growing. Shanxi Electric Power Company will implement Telvent's OASyS Dynamic Network of Application (DNA) to help them make faster operational decisions, increase customer satisfaction and cut costs. Specifically, Shanxi will be able to highlight exact locations of potential trouble spots on a power diagram for more efficient troubleshooting and maintenance. The new Supervisory Control and Data Acquisition System (SCADA) will also meet new functionalities required by the China State Grid Corporation.

According to Telvent's CEO, Ignacio Gonzalez, "China is a very important market for Telvent. This agreement demonstrates our active involvement in the Chinese energy industry and helps Shanxi Electric Power Company more efficiently provide power to its 34 million residents."

Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world's leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. ( www.telvent.com )